Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

According to Reuters, Tech Data Corporation (TECD) approached by Apollo Global Management (APO)

  • October 16, 2019


StockTech Data CorporationSymbolTECD
Date Announced10/15/2019Source Reuters
TypeNews Report
Date of Confirmation: 11/13/2019Price at Confirmation: $125.41
Potential Profit: 12.64%Annualized Profit: 159.05%

Private equity firm Apollo Global Management LLC (APO) has approached Tech Data Corp (TECD) with an offer to acquire the U.S. information technology equipment distributor for close to $5 billion, people familiar with the matter said.


November 27, 2019: Private equity Apollo Global Management (APO) has raised its bid to acquire Tech Data (TECD)  to a deal valued at about $6 billion, the U.S. information technology equipment distributor said on Wednesday.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.